
Hemet, California 92543
This Value-Add Residential Property is a Strong Value Opportunity, listed at $390,000 which aligns with its $390,000 Fair Market Value. While priced at market, the seller provides a substantial $20,000 Buyer Credit for down payment or upgrades, creating immediate financial flexibility. The property features a Fair Condition Rating and sits on an expansive 9,148 Sq Ft Lot with a Private Pool, Mountain Views, and secure parking for eight vehicles. With a versatile utility room and bonus bath, this home offers clear upside for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 609 S Buena Vista Street Subject | $390,000* List Price | 2 | 1 | 1,004 | $388 | - |
A 1113 E Acacia Avenue Sold | $365,000 | 2 | 1 | 1,030 | $354 | 0.6 mi |
B 214 W Latham Sold | $390,000 | 3 | 2 | 1,046 | $373 | 0.8 mi |
C 220 S State Street Sold | $275,000 | 3 | 1 | 972 | $283 | 0.5 mi |
D 320 E Acacia Avenue Sold | $330,000 | 2 | 1 | 956 | $345 | 0.4 mi |
E 1108 E Mayberry Sold | $370,000 | 2 | 1 | 792 | $467 | 0.4 mi |
F 858 Coral Sold | $330,000 | 2 | 2 | 1,034 | $319 | 1.0 mi |
G 661 S Carmalita Active | $419,900 List Price | 2 | 2 | 1,200 | $350 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, originally built in 1915, falls into the 'fair' category as it is a century-old home that has been maintained with periodic updates rather than a full modern renovation. While it boasts recent cosmetic improvements such as new interior and exterior paint and a roof overlay less than five years old, the core systems and fixtures—including the kitchen and bathrooms—show signs of age and dated styling. The presence of an evaporative cooler alongside central air and the non-standard layout of the 'utility' and 'bonus' rooms are typical of older homes that have not undergone a comprehensive contemporary overhaul.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1004.
The seller is offering a substantial $20,000 credit toward the buyer's down payment, upgrades, or personal use, providing exceptional financial flexibility and lower out-of-pocket costs at closing.
The oversized 9,148 square foot lot features a private pool, a Tuff Shed on a concrete foundation, and secure fenced parking for up to eight vehicles, including ample space for an RV or boat.
Built in 1915, this century-old home may require more frequent maintenance and specialized inspections for aging infrastructure compared to modern residential constructions.
With a primary configuration of only 2 bedrooms and 1 bathroom within 1,004 square feet, the core living space may feel restrictive for growing families or those seeking a more traditional master suite.
BUYER CAN CLOSE ESCROW WITH A $20,000.00 CHECK IN HAND OR A CREDIT FROM ESCROW!!. THIS PROPERTY IS BACK ON THE MARKET.BUYER DID NOT QUALIFY FOR A REAL ESTATE LOAN AFTER A 45 DAY ESCROW. HIS LOSS YOUR GAIN! CLOSE ESCROW WITH A CHECK IN THE BUYERS POCKET . SELLER HAS AUTHORIZED A $20,000.00 BUYER CREDIT FROM ESCROW FOR DOWN PAYMENT ASSISTANCE ,UPGRADES OR PERSONAL USE. WHY SETTLE FOR SMALLER HOMES AND SMALLER LOTS AND LARGE DOWN PAYMENTS. COOL OFF DURING THOSE HOT HEMET DAYS WITH A POOL. FENCED PARKING FOR 8 VEHICLES OR RV,BOAT, OR A TOY HAULER .A HUGE 9,148 SQUARE FOOT LOT. LARGE TUFF SHED ON CONCRETE FOUNDATION INCLUDED. Mainline to street with a clean out installed early 2000's . Enclosed porch with security bars and door. This house is a 2 bedroom 1 Bath living room ,dining room and a utility room in the main house that could serve as A THIRD bedroom or living space. .This property also has a bonus room with bathroom and shower. Spacious front and PRIVATE BACK YARD with plenty of room for entertaining Central Air /Heat/Evaporative Cooler. Roof overlay less than 5 years old.New 30 gallon Water heater with Warranty .New Interior & exterior paint main house and garage . Plenty of fruit trees to include Babcock white peach ,Fuji Apple,Thompson seedless grape vine,nectarine tree,grafted apple tree with 5 different types of apples,lemon tree and A Naval orange tree.Front yard has a silk floss tree. Walking distance to shopping,Churches and schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 40% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,004 | 1,372 | 17% |
| Lot Size | 9,148 | 6,534 | 86% |
| Price | $390.0K | $420.0K | 38% |
| Price per sq ft | $388 | $290 | 90% |
| Built year | 1915 | 1977 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 245 | 181 | 83% |
Jan 3, 2026
$390,000
$370,000
+5% Price Increase
Initial Listing
Nov 19, 2025
$370,000
$385,000
-4% Price Drop
Initial Listing
Aug 20, 2025
$385,000
Initial Listing